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dalvirb dalvirb
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A year ago

The MPP/Price ratio for labor is 25/$5 and the MPP/Price ratio for capital is 30/$6. A firm that employs both labor and capital will likely



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buy more labor and less capital because labor is cheaper.



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buy more capital and less labor because capital is more productive.



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maintain the current combination of capital and labor.



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buy more capital and less labor because capital is cheaper.



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There is not enough information to answer the question.

Textbook 
Economics

Economics


Edition: 12th
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parrotheadparrothead
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A year ago
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dalvirb Author
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A year ago
Thank you, thank you, thank you!
halyna
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This site is awesome
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Thanks for your help!!
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